Indonesia Revises 2015 GDP Growth Forecast Slightly up Transportation Agent
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|Production Capacity:||10000 Teu/Month|
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- Model NO.: Indonesia, Southeast Asia
- Destination: Indonesia
- FCL & LCL: 20gp, 40gp, 40hq
- Business Range: Ocean Freight, Air Freight, Express Agent
- Port Name: Belawan, Jakarta, Palembang, Semarang, Surabaya
- Specification: 20, 40, 40hc
- Shipment Type: FCL and LCL
- Cargo Type: General Cargo
- Container: 20gp, 40gp, 40hq
- Country: Indonesia
- Trademark: SBI
- Origin: China
JAKARTA, Sept. 29 (Xinhua) -- The Indonesian government and parliament on Monday agreed to rise the forecast of economic growth next year to 5.8 percent from the initial target of 5.6 percent with lower state budget deficit, lawmaker said here.
They also scaled down the forecast of the deficit to 2.21 percent of GDP in 2015 from the initial forecast of 2.32 percent, according to Ahmadi N. Supit, chairman of the House of Representative's Budget Committee.
Both government and parliament agreed to cut inflation forecast to 4.4 percent from 4.6 percent, he said at the parliament.
Indonesia's economy is expected to expand at 5.2-5.3 percent this year, after growing by 5.78 percent last year, 6.2 percent in 2012, 6.5 percent in 2011 and 6.2 percent in 2010.
The Indonesian central bank plans to keep the tight monetary policy by year end to curb the potential widening of current account deficit and guard the country's economy from the risks of global economic turmoil, Agus Martowardojo, governor of the bank has revealed.
The bank has kept its benchmark interest rate at 7.5 percent since December and held it steady at its meeting earlier this month despite weakening inflation and slowing economic growth.
Newly-elected President Joko Widodo plans to raise subsidized- fuel prices in October or November to ease budget constrain by scaling down a huge fuel import that would allow more funds to be set aside for building roads, bridges, seaport and airports, health facilities and other infrastructure facilities.
Indonesia is a net-oil importer country and provides a huge oil subsidy.
Indonesia's current account gap in the second quarter widened to 4.27 percent of the GDP or 9.1 billion U.S. dollars, the highest since 2009.
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